Follow Us

Debt Update 8/27/2008

In conjunction with providing great and useful information, I created this blog is to keep me accountable for my debts. As of this update I am focusing on my wife and I’s Credit Cards (as indicated by my status bar to the left).

This is an update as to our progress:

7/27/2008

8/27/2008

CitiCard #1

141.99

0

AccountCentral (Discover)

1,758.30

1,443.56

CitiCard #2

7,797.00

7,700.15

Bank of America (VISA)

1,344.97

1,359.84

Juniper

-

-

Discover

4,979.02

4,850.00

American Express

-

-

Discover #2

862.70

827.99

We are consistently making payments throughout the month to each of the debts. I am trying my best to follow my combo debt snowball/avalanche, however, I am unable to mentally/physically just put the minimum. For instance, a couple of days ago I went to pay discover #2, and the minimum was clearly $26.00 but for reasons unknown to anyone but my subconscious I put in for 39.99. WEIRD.

Regardless, I am making my way down the debt later, slowly, but still it is decreasing, and you know what? It feels great that for the first time in my life (all 26 years of it, better late then never) I have an actual plan to reduce debt and beyond that…it excites me.

With all that being said, I will continue onward and hope to have an even better update next month!

Notify me of followup comments via e-mail. You can also subscribe without commenting.

Custom Search

Specific Topics

General Topics

Disclaimer

My Journey to Millions is for general information or entertainment purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

Any references to third party products, rates, or websites are subject to change without notice. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.